Exhibit
99.1
October
18, 2007 Steven
F. Nicola
Chief
Financial
Officer,
Secretary
&
Treasurer
412-442-8262
MATTHEWS
INTERNATIONAL CORPORATION
INCREASES
QUARTERLY DIVIDEND
PITTSBURGH,
PA, OCTOBER 18, 2007 – The
Board of Directors of Matthews International Corporation (NASDAQ NNM: MATW)
today declared a quarterly dividend of $0.06 per share on the Company’s common
stock. The quarterly dividend has been increased one-half cent per
share (9.1%) from $0.055 to $0.06. The dividend is payable November
14, 2007 to stockholders of record October 31, 2007.
Joseph
C. Bartolacci, President and
Chief Executive Officer, stated, “The dividend increase is a result of our
confidence in the Company’s growth outlook and is a reflection of our solid cash
flow and financial position.” Mr. Bartolacci reported that
Matthews has increased its dividend every year since becoming a publicly traded
stock in July 1994.
Matthews
International Corporation, headquartered in Pittsburgh, Pennsylvania, is a
designer, manufacturer and marketer principally of memorialization products
and
brand solutions. Memorialization products consist primarily of bronze
memorials and other memorialization products, caskets and cremation equipment
for the cemetery and funeral home industries. Brand solutions include
graphics imaging products and services, marking products, and merchandising
solutions. The Company’s products and services include cast bronze
memorials and other memorialization products; caskets; cast and etched
architectural products; cremation equipment and cremation-related products;
mausoleums; brand management, printing plates, pre-press and imaging services
for the primary packaging and corrugated industries; marking and coding
equipment and consumables, and industrial automation products for identifying,
tracking and conveying various consumer and industrial products, components
and
packaging containers; and merchandising display systems and marketing and design
services.